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First National Bank Named a Pittsburgh Area Top Workplace for 12 Consecutive Years

PR Newswire


PITTSBURGH
, Sept. 26, 2022 /PRNewswire/ — First National Bank, the largest subsidiary of F.N.B. Corporation (NYSE: FNB), announced today that it has again been named a Greater Pittsburgh Top Workplace by the Pittsburgh Post-Gazette. FNB, which was the highest-ranking bank in the large company category, is one of only six companies that have appeared on the list every year since its inception in 2011.

Top Workplaces are determined solely by employee feedback and are compiled by Energage, a leading research firm that specializes in organizational health and workplace improvement.

“Being named a Top Workplace demonstrates FNB’s dedication to creating a positive work environment for our team,” said Vincent J. Delie, Jr., Chairman, President and Chief Executive Officer of F.N.B. Corporation and First National Bank. “We are proud to foster a culture of trust, integrity and teamwork where our employees are engaged and ready to work collaboratively to address all of our clients’ needs.”

FNB operates approximately 80 branches and nearly 140 ATMs in its Pittsburgh Region. The Company has earned more than 40 awards for workplace excellence nationally and regionally. To date, in 2022, it has received recognition as a Top Workplace in Northeast Ohio for the eighth consecutive year, in South Carolina for the second consecutive year, and nationwide as Top Workplace USA for the second consecutive year. FNB also was nationally recognized with three Top Workplace 2022 Culture Excellence awards for Innovation, Leadership, and Work-Life Flexibility.

For more information about the extensive recognition FNB has earned for its differentiated culture, which focuses on doing what is right for all of its stakeholders, visit the Company’s Awards and Recognition webpage at fnb-online.com.

About F.N.B. Corporation

F.N.B. Corporation (NYSE: FNB), headquartered in Pittsburgh, Pennsylvania, is a diversified financial services company operating in seven states and the District of Columbia. FNB’s market coverage spans several major metropolitan areas, including: Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; Washington, D.C.; Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina; and Charleston, South Carolina. The Company has total assets of $42 billion and more than 340 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Washington, D.C. and Virginia.

FNB provides a full range of commercial banking, consumer banking and wealth management solutions through its subsidiary network, which is led by its largest affiliate, First National Bank of Pennsylvania, founded in 1864. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, government banking, business credit, capital markets and lease financing. The consumer banking segment provides a full line of consumer banking products and services, including deposit products, mortgage lending, consumer lending and a complete suite of mobile and online banking services. FNB’s wealth management services include asset management, private banking and insurance.

The common stock of F.N.B. Corporation trades on the New York Stock Exchange under the symbol “FNB” and is included in Standard & Poor’s MidCap 400 Index with the Global Industry Classification Standard (GICS) Regional Banks Sub-Industry Index. Customers, shareholders and investors can learn more about this regional financial institution by visiting the F.N.B. Corporation website at www.fnbcorporation.com.

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SOURCE F.N.B. Corporation

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Inpixon’s Enterprise Apps Business to be Acquired in a Business Combination Transaction Valued at $69 Million

PR Newswire

Transaction to Include Workplace Experience Technologies, Indoor Mapping, Events Platform, Augmented Reality and Related Business Solutions

Proposed Business Combination Expected to be Completed Before Year-End


PALO ALTO, Calif.
, Sept. 26, 2022 /PRNewswire/ — Inpixon® (Nasdaq: INPX), the Indoor Intelligence® company, today announced it has signed a definitive merger agreement with KINS Technology Group, Inc., a publicly traded special purpose acquisition company (Nasdaq: KINZ); (Nasdaq: KINZW) (“KINS”), for KINS to acquire Inpixon’s enterprise apps business (including its workplace experience technologies, indoor mapping, events platform, augmented reality and related business solutions). The transaction will be structured as a business combination (the “Business Combination”) with Inpixon’s newly formed subsidiary, CXApp Holding Corp. (“CXApp”), that is anticipated to result in Inpixon stockholders receiving shares in KINS valued at approximately $69 million. The transaction is expected to provide Inpixon’s enterprise apps business with greater capital and operational resources, a new executive management team and board expertise to accelerate growth.

Following the closing of the transaction, CXApp will be a wholly owned subsidiary of KINS, and the combined business will be listed on the Nasdaq Capital Market. The transaction has been unanimously approved by the Boards of Directors of both Inpixon and KINS and is subject to approval by the Security and Exchange Commission (“SEC”), KINS stockholders and the satisfaction of customary closing conditions. The proposed Business Combination is expected to be completed in the fourth quarter of 2022. Inpixon shareholders as of a record date to be determined will be eligible to receive the KINS shares.

Mr. Khurram Sheikh, founder, chairman and CEO of KINS, said “We are pleased to announce this transformative acquisition. The workplace experience market is experiencing explosive growth as organizations seek new ways to leverage technology to maximize efficiency, increase productivity and drive growth. This shift has accelerated due to the pandemic, as organizations adapt to the new hybrid work environment. Customers for Inpixon’s enterprise apps business line include the who’s who of Fortune 500 companies, and the business has an established track record, consistently ranked among the top providers of workplace experience solutions. Inpixon’s enterprise app is already well positioned in the market as a comprehensive end-to-end solution that offers a seamless employee experience. Moreover, we believe that with resources and capital exclusively allocated to this business, we can enhance its organic growth opportunities and maximize value for both Inpixon and KINS stockholders.”

Mr. Nadir Ali, CEO of Inpixon, commented, “We have been working on multiple strategic transactions for some time and believe this transaction will unlock significant value for stockholders. I could not be more excited about the outlook for this line of business. With this transaction, capital and operational resources will be singularly focused on the growth and profitability of this business. In addition, Inpixon shareholders will be able to benefit in the potential upside as stockholders of two public companies, each with distinct customers and product lines.”

Following the transaction, Inpixon will retain the remainder of its products including the Industrial Internet of Things (IIoT) business line, and will be focused on pursuing the most advantageous opportunities for this business and Inpixon shareholders. In this regard, Inpixon has entered into a non-binding letter of intent and is in due diligence stages with another third party in connection with a potential transaction involving the remainder of its business. Inpixon believes that pursuing these opportunities, coupled with Inpixon’s recent cost cutting initiatives, will offer the greatest chance for maximizing the value of their investment with dedicated and focused resources allocated to these core business lines.

Advisors

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal advisor to KINS, and Mitchell Silberberg & Knupp LLP is serving as legal advisor to Inpixon. 

About KINS Technology Group

KINS Technology Group Inc. (Nasdaq: KINZ); (Nasdaq: KINZW) is a blank check company formed under the laws of the State of Delaware on July 20, 2020 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses. KINS is focused on identifying and acquiring transformative technology businesses that are shaping the digital future and creating a new paradigm of communications and computing.

About Inpixon

Inpixon® (Nasdaq: INPX) is the innovator of Indoor Intelligence®, delivering actionable insights for people, places and things. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. The company’s Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. Inpixon customers can take advantage of industry leading location awareness, RTLS, workplace and hybrid event solutions, analytics, sensor fusion, IIoT and the IoT to create exceptional experiences and to do good with indoor data. For the latest insights, follow Inpixon on LinkedIn, and Twitter, and visit inpixon.com.

F
orward-Looking Statements

This news release contains forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements other than statements of historical facts contained in this communication, including statements regarding the expected timing and structure of the Business Combination, the ability of the parties to complete the Business Combination, the expected benefits of the Business Combination, the tax consequences of the Business Combination, the amount of gross proceeds expected to be available to CXApp after the closing and giving effect to any redemptions by KINS stockholders, CXApp’s future results of operations and financial position, business strategy and its expectations regarding the application of, and the rate and degree of market acceptance of, the CXApp technology platform and other technologies, CXApp’s expectations regarding the addressable markets for our technologies, including the growth rate of the markets in which it operates, and the potential for and timing of receipt of payments under CXApp’s agreements with customers are forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the control of Inpixon, CXApp and KINS, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, but are not limited to: the risk that the transactions may not be completed in a timely manner or at all, which may adversely affect the price of Inpixon’s or KINS’s securities; the risk that KINS stockholder approval of the Business Combination is not obtained; the inability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, the amount of funds available in KINS’s trust account following any redemptions by KINS’s stockholders; the failure to receive certain governmental and regulatory approvals; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; changes in general economic conditions, including as a result of the COVID 19 pandemic or the conflict between Russia and Ukraine; the outcome of litigation related to or arising out of the Business Combination, or any adverse developments therein or delays or costs resulting therefrom; the effect of the announcement or pendency of the transactions on Inpixon’s, CXApp’s or KINS’s business relationships, operating results, and businesses generally; the ability to continue to meet Nasdaq’s listing standards following the consummation of the Business Combination; costs related to the Business Combination; that the price of KINS’s or Inpixon’s securities may be volatile due to a variety of factors, including Inpixon’s, KINS’s or CXApp’s inability to implement their business plans or meet or exceed their financial projections and changes in the combined capital structure; the ability to implement business plans, forecasts, and other expectations after the completion of the Business Combination, and identify and realize additional opportunities; and the ability of CXApp to implement its strategic initiatives.

The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Inpixon’s most recent annual report on Form 10-K, KINS’s registration statement on Form S-1 (File No. 333-249177) and the Form S-4 (as defined below), the Form S-1 (as defined below), the CXApp registration statement on Form S-1, the proxy statement/prospectus and certain other documents filed or that may be filed by Inpixon, KINS or CXApp from time to time with the SEC following the date hereof. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Inpixon, CXApp and KINS assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

None of Inpixon, CXApp or KINS gives any assurance that Inpixon, CXApp or KINS will achieve their expectations.

Important Information and Where to Find It

In connection with the proposed Business Combination, CXApp will file with the SEC a registration statement on Form S-1 (the “Form S-1”) registering shares of CXApp common stock, and KINS will file with the SEC a registration statement on Form S-4 (the “Form S-4”) registering shares of KINS common stock, warrants and certain equity awards. The Form S-4 to be filed by KINS will include a proxy statement/prospectus in connection with the KINS stockholder vote required in connection with the proposed Business Combination. This communication does not contain all the information that should be considered concerning the Business Combination. The Form S-1 to be filed by CXApp will include the Form S-4 filed by KINS, which will serve as an information statement/prospectus in connection with the spin-off of CXApp. This communication is not a substitute for the registration statements that CXApp and KINS will file with the SEC or any other documents that KINS or CXApp may file with the SEC or that KINS, Inpixon or CXApp may send to stockholders in connection with the Business Combination. It is not intended to form the basis of any investment decision or any other decision in respect to the business combination. KINS’s stockholders and Inpixon’s stockholders and other interested persons are advised to read, when available, the preliminary and definitive registration statements, and documents incorporated by reference therein, as these materials will contain important information about KINS, CXApp and the Business Combination. The proxy statement/prospectus contained in KINS’s registration statement will be mailed to KINS’s stockholders as of a record date to be established for voting on the Business Combination.

The registration statements, proxy statement/prospectus and other documents (when they are available) will also be available free of charge, at the SEC’s website at www.sec.gov, or by directing a request to: KINS Technology Group, Inc., Four Palo Alto Square, Suite 200, 3000 El Camino Real, Palo Alto, CA 94306.

Part
icipants in the Solicitation

Inpixon, KINS and CXApp and each of their respective directors, executive officers and other members of their management and employees may be deemed to be participants in the solicitation of proxies from KINS’s stockholders in connection with the Business Combination. Stockholders are urged to carefully read the proxy statement/prospectus regarding the Business Combination when it becomes available, because it will contain important information. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of KINS’s stockholders in connection with the Business Combination will be set forth in the registration statement when it is filed with the SEC. Information about KINS’s executive officers and directors and CXApp’s management and directors also will be set forth in the registration statement relating to the Business Combination when it becomes available.

No Solicitation or Offer

This communication shall neither constitute an offer to sell nor the solicitation of an offer to buy any securities or the solicitation of any proxy vote, consent or approval in any jurisdiction in connection with the Business Combination, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to any registration or qualification under the securities laws of any such jurisdictions. This communication is restricted by law; it is not intended for distribution to, or use by any person in, any jurisdiction where such distribution or use would be contrary to local law or regulation.

Inpixon Contacts

General inquiries:
Inpixon
Email: [email protected] 
Web: inpixon.com/contact-us

Investor relations:
Crescendo Communications, LLC
Tel: +1 212-671-1020
Email: [email protected]

 

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SOURCE Inpixon

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Adrian Poretti Joins Hostess Brands as Chief Supply Chain Officer

PR Newswire

Reporting to CEO, Seasoned Supply Chain Executive Joins Leadership Team


LENEXA, Kan.
, Sept. 26, 2022 /PRNewswire/ — Hostess Brands, Inc. (NASDAQ: TWNK), a leading sweet snacks company, today announced that Adrian Poretti has joined the company as chief supply chain officer (CSCO) effective immediately.

Poretti oversees all aspects related to the company’s operations and supply chain as Hostess Brands continues to grow its business. Poretti reports to Andy Callahan, president and CEO of Hostess Brands, and joins the company’s leadership team. He succeeds Gary Schmidt, interim CSCO, who had served in this role since January 2022 and will continue to lead the company’s operations and engineering teams. Schmidt will report to Poretti.

“We are thrilled to have an executive of Adrian’s caliber join our company and our leadership team,” said Callahan. “With his deep industry expertise and global operational experience, Adrian is a great fit for Hostess Brands as we continue our journey of sustainable, long-term growth. Additionally, we are grateful to Gary for stepping up as our interim CSCO to ensure a seamless transition.”

Poretti joins Hostess Brands after nearly 30 years at Kimberly-Clark, where he most recently served as vice president, Global Supply Chain Capabilities. In that role, he improved adaptability while delivering overall service to a global customer base. Prior to that, he led Kimberly-Clark’s North America end-to-end supply chain overseeing all operations and functions, including supply planning, procurement, manufacturing and logistics, quality, safety and sustainability, continuous improvement, and strategy and transformation programs. Poretti joined Kimberly-Clark Argentina in 1993 as an engineer and held a variety of positions of increasing responsibility across various geographies during his three decades with the company.

Prior to Kimberly-Clark, Poretti specialized in industrial automation and was a professor at the National University of Cordoba School of Engineering in Cordoba, Argentina. He earned his MBA from Universidad del Salvador in Buenos Aires in 2002.

“I’m excited to join a company that’s as nimble and innovative as Hostess Brands and to bring a fresh, global perspective to the supply chain organization,” said Poretti. “The incredible growth that Hostess Brands has achieved during such a challenging and dynamic global environment is a testament to the company’s talented team members, smart strategy and strong leadership. I look forward to contributing to the company’s continued success.”

About Hostess Brands, Inc.
Hostess Brands, Inc. (NASDAQ: TWNK) is a snacking powerhouse with a portfolio of iconic brands and a mission to inspire moments of joy by putting our heart into everything we do. Hostess Brands is proud to make America’s No. 1 cupcake, mini donut and sugar-free cookie brands. With sales exceeding $1.1 billion and employing approximately 2,600 dedicated team members, Hostess Brands produces new and classic snacks, including Hostess® Donettes®, Twinkies®, CupCakes, Ding Dongs® and Zingers®, as well as a variety of Voortman® cookies and wafers.  For more information about Hostess Brands, please visit hostessbrands.com.

Forward-Looking Statements
This press release contains statements reflecting our views about the future performance of the company that constitute “forward-looking statements” that involve substantial risks and uncertainties. Forward-looking statements are generally identified through the inclusion of words such as “believes,” “expects,” “intends,” “estimates,” “projects,” “anticipates,” “will,” “plan,” “may,” “should” or similar language. Statements addressing our future operating performance and statements addressing events and developments that we expect or anticipate will occur are also considered forward-looking statements. All forward-looking statements included herein are made only as of the date hereof. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

As a result of a number of known and unknown risks and uncertainties, the company’s actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Risks and uncertainties are identified and discussed in Item 1A-Risk Factors in the company’s annual report on Form 10-K for 2021 filed on March 1, 2022. All subsequent written or oral forward-looking statements attributable to us or persons acting on the company’s behalf are expressly qualified in their entirety by these risk factors.

Investor contact

Amit Sharma

[email protected]

Media contact

Carly Schesel

[email protected]

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SOURCE Hostess Brands

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KINS Technology Group Inc. Announces Execution of Merger Agreement to Acquire Leading Workplace Experience Platform Business

PALO ALTO, Calif., Sept. 26, 2022 (GLOBE NEWSWIRE) — KINS Technology Group Inc (NASDAQ: KINZ) (“KINS”), a special purpose acquisition corporation sponsored by KINS Capital LLC, announced the execution of an agreement and plan of merger the (“Merger Agreement”) pursuant to which it will acquire a leading-edge workplace experience application business from Inpixon (NASDAQ: INPX). The transaction will be structured as a business combination with Inpixon’s wholly owned subsidiary, CXApp Holdings Corp (“CXApp”) and is anticipated to result in Inpixon shareholders receiving shares of KINS capital stock valued at approximately $69 million (the “Business Combination”). The transaction has been approved by each of the Board of Directors of KINS, CXApp and Inpixon and is expected to be consummated in the fourth quarter of 2022, subject to regulatory and stockholder approval by the stockholders of KINZ and the satisfaction of certain other customary closing conditions.

The CXApp platform offers a suite of workplace experience solutions including an enterprise workplace application, events platform, indoor mapping and augmented reality technologies, targeting the emerging hybrid workplace market to provide enhanced experiences across people, places, and things.

Upon the closing of the Business Combination, the combined company is expected to operate under the name CXApp Inc. and remain a NASDAQ-listed public company trading under a new ticker symbol.

Mr. Khurram Sheikh, Chairman and Chief Executive Officer of KINS, said, “CXApp is a “category-maker” company that has developed the most engaging application for the hybrid workplace market, and we look forward to consummating this transaction. We believe that with its unique value proposition and technology leadership CXApp is well-positioned for substantial growth. We view the transaction valuation as highly attractive to investors. We believe that through our merger, coupled with the KINS team’s background in successfully building businesses, it has the potential to create significant value for stockholders over time.”
  
The description of the Business Combination contained herein is only a summary and is qualified in its entirety by reference to the Merger Agreement relating to the transaction. For additional information, see KINS’s Current Report on Form 8-K, which will be filed promptly and can be obtained at the website of the U.S. Securities and Exchange Commission (“SEC”) at www.sec.gov.

Advisors

Skadden, Arps, Slate, Meagher and Flom LLP is serving as legal advisor to KINS and Mitchell Silberberg and Knupp LLP is acting as legal advisor to CXApp. 

About CXApp Holding Inc

CXApp is a wholly owned subsidiary of Inpixon® (Nasdaq: INPX), the innovator of Indoor Intelligence®, delivering actionable insights for people, places and things. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. The company’s Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. Inpixon customers can take advantage of industry leading location awareness, RTLS, workplace and hybrid event solutions, analytics, sensor fusion, IIoT and the IoT to create exceptional experiences and to do good with indoor data.

About KINS Technology Group

KINS Technology Group Inc is a blank check company formed as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. KINS Technology Group is focused on identifying and acquiring transformative technology businesses that are shaping the digital future and creating a new paradigm of communications and computing.

The five pillars of this new paradigm are next generation connectivity, open software, edge-cloud computing, predictive data analytics (AI), and immersive media technologies. We believe the world is at an inflection point and these technologies are accelerating digital transformation across all vertical market segments including IT, industrial, transportation, smart infrastructure, healthcare, education, agriculture, and entertainment.

Forward Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts and may be accompanied by words that convey projected future events or outcomes, such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “design,” “intend,” “expect,” “could,” “plan,” “potential,” “predict,” “seek,” “target,” “aim,” “plan,” “project,” “forecast,” “should,” “would,” or variations of such words or by expressions of similar meaning. Such forward-looking statements, including statements regarding anticipated financial and operational results, projections of market opportunity and expectations, the estimated post-transaction enterprise value, the advantages and expected growth of the combined company, the cash position of the combined company following closing, the ability of CXApp and KINS to consummate the proposed Business Combination Agreement and the timing of such consummation, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. Important factors that could cause the combined company’s actual results or outcomes to differ materially from those discussed in the forward-looking statements include: CXApp’s limited operating history; CXApp’s ability to manage growth; CXApp’s ability to execute its business plan; CXApp’s estimates of the size of the markets for its business; CXApp’s ability to identify and integrate acquisitions; general economic and market conditions impacting demand for CXApp’s products and services; the inability to complete the proposed transactions; the inability to recognize the anticipated benefits of the proposed transactions, which may be affected by, among other things, the amount of cash available following any redemptions of Class A common stock of KINS by its public stockholders; the ability to meet Nasdaq’s listing standards following the consummation of the proposed transactions; costs related to the proposed transactions; and such other risks and uncertainties as are discussed in the proxy statement to be filed relating to the Business Combination Agreement. Other factors include the possibility that the proposed business combination does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions.

Each of CXApp and KINS expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in CXApp’s or KINS’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.

No Offer or Solicitation

This press release shall not constitute a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Business Combination. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.  

Additional Information and Where to Find It

In connection with the Transactions described herein, KINS intends to file relevant materials with the SEC, including a registration statement on Form S-4, which will include a proxy statement/prospectus. The proxy statement/prospectus will be sent to all KINS stockholders. KINS will also file other documents regarding the proposed transactions with the SEC. Before making any voting or investment decision, investors and security holders of KINS are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transactions as they become available because they will contain important information about the proposed transactions.

Investors and security holders will be able to obtain free copies of the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by KINS through the website maintained by the SEC at www.sec.gov. In addition, the documents filed by KINS may be obtained free of charge from KINS’s website at www.kins-tech.com or by written request to KINS at KINS Technology Group Inc., Four Palo Alto Square, Suite 200, 3000 El Camino Real, Palo Alto, CA 94306.

Participants in the Solicitation

KINS and CXApp and their respective directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies of KINS’ shareholders in connection with the business combination. Investors and security holders may obtain more detailed information regarding the names and interests in the business combination of KINS’ directors and officers in KINS’ filings with the SEC, including KINS’ Annual Report on Form 10-K for the fiscal year ended December 31, 2021 filed with the SEC on March 30, 2022. To the extent that holdings of KINS’s securities have changed from the amounts reported in KINS’s Annual Report on Form 10-K, such changes have been or will be reflected on Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to KINS’s shareholders in connection with the business combination will be set forth in the proxy statement/prospectus filed as part of the Registration Statement on Form S-4 for the business combination, which is expected to be filed by KINS with the SEC. You may obtain free copies of these documents as described in the preceding paragraph.

For investor and media inquiries, please contact:

KINS Technology Group Inc
3000 El Camino Real
Four Palo Alto Square, Suite 200
Attn: Khurram P. Sheikh
[email protected]



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New to The Street TV Announces Corporate Interviews on its 390th Show, Airing on the Fox Business Network, Tonight, Monday, September 26, 2022, at 10:30 PM PT

NEW YORK, Sept. 26, 2022 (GLOBE NEWSWIRE) — FMW Media’s New to The Street TV, a nationally syndicated TV show, announces episode #390 airing tonight, Monday, September 26, 2022,at 10:30 PM PT on the Fox Business Network.



New to The Street’s



390th TV episode features the following Companies and their representatives:

1). PetVivo Holdings, Inc.’s (NASDAQ: PETV) (NASDAQ: PETVW) ($PETV) interview with John Lai, CEO & President.

2). Acurx Pharmaceuticals, Inc.’s (NASDAQ: ACXP) ($ACXP) interview with David Luci, President / CEO.

3). Sekur Private Data, Ltd.’s (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) interview with Mr. Alain Ghiai, CEO.

4). Phixey, Inc.’s interview with Alexandra Poirier, Communications Manager.


Episode #390

Tonight, New to The Street TV is airing the Nasdaq Marketplace studio interview with John Lai, CEO / President PetVivo Holdings, Inc. (NASDAQ: PETV) (NASDAQ: PETVW) ($PETV). The Company is a biomedical device company that manufactures, commercializes, and licenses innovative medical devices and therapeutics for companion animals. Talking with TV Host Jane King, John gives viewers an update on the recent launch of the distribution agreement between PETV and MWI Animal Health (MWI), a leading animal health products and services distributor, and Amerisource Bergen subsidiary. With over $5B in annual revenue, MWI is one of the largest distributors of veterinary drugs and products, with lots of business resources and skilled personnel. Securos is the educational division at MWI, which provides hands-on training, resources, and continuing education for veterinarians, helping them understand the full benefits of products. The educational and sales/ market teams at MWI now promote and distribute PETV’s injectable patented Spryng with OsteoCushion Technology that treats osteoarthritis and joint afflictions for dogs, horses, and cats. As a naturally derived product, Spryng mimics collagen tissue that significantly improves animals’ afflicted joints. The feline osteoarthritis version of Spryng is coming to market soon. John says the Spryng roll-out with MWI is going very well. He explains three reasons for Spryng continued growth: 1) it is a naturally derived product, 2) it is not a pharmaceutical or biological derived product, and 3) it has a recyclable package in line with ESG (Environmental, Social, and Governance) standards. Recently, PETV hired more seasoned personnel with over two decades of sales/marketing experience in the pet industry. The on-screen QR code is available during the show; download or visit PetVivo Holdings, Inc. – https://petvivo.com/ and Spryng with OsteoCushion Technology –https://www.sprynghealth.com/.

On New to The Street TV tonight, David Luci, the President / CEO of Acurx Pharmaceuticals, Inc. (NASDAQ: ACXP) ($ACXP), sits with TV Host Jane King from the Nasdaq Marketplace studio. Acurx Pharmaceuticals, Inc. is a clinical biopharmaceutical business, developing a new class of antibiotics for bacterial infections. David discusses the Company’s novel Ibezapolstat drug, a potential treatment for Clostridioides difficile Infections (C. difficile) (CDI). Treatments to combat CDI is a $1.7B year market. With the recent positive outcome from Ibezapolstat’s FDA Phase 2a clinical and microbiome data, the Company is now enrolling patients for its FDA Phase 2b trial. CDI kills about 29,000 people annually; many catch the infection in hospitals and nursing homes. Clinical data to date shows that Ibezapolstat increases the good microbiome bacteria in the gut, and it demonstrated eradication of CDI during 3-days of treatment. David references Summit Therapeutics, and their recent Phase 3 FDA failure on a competitive CDI drug. There has been NO new class of antibiotic drugs since 1984, and the current frontline treatment Vancomycin, has limitations with about a 15-20% rate of CDI recurrence. Big Pharma wants a new class of antibiotics to combat CDI and other bacterial infections. The second drug in ACXP’s pipeline is ACX-375C, a potential drug to overcome methicillin-resistant Staphylococcus aureus (MRSA) infections. Disease data shows that MRSA accounts for 52% of US hospital inpatient infections. Based on early scientific data, ACXP’s management will proceed with all the FDA steps on AXX-375C with the hope of become another useful drug. David explains that being public is essential and helps the Company raise money, as needed, going forward with current and other pipeline treatments. David will do a follow-up interview to inform viewers of the progress with the Ibezapolstat drug and the Company. The on-screen QR code is available during the show; download or visit Acurx Pharmaceticals, Inc. – https://www.acurxpharma.com/

Tonight, Mr. Alain Ghiai, CEO, Sekur Private Data, Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) ($SWISF) (Sekur®), is with New to The Street’s TV Host Jane King. Viewers receive an overview of the successful Q2 corporate financial fundamentals based on selling its Sekur® cybersecurity products. Alain told viewers that sales increased over 1100% for Q2 ending June 30, 2022, compared to Q2, 2021. And the Q3 numbers look to exceed that of Q2. The Company has good cash-on-hand of $4M, no debt, and expects operational profitability sometime in 2023. With increases in new subscribers, up 800% year-to-date, and the existing subscribers purchasing more licenses, the revenue expectations look to be around 200% higher in 2022 than in 2021. Revenue growth continues to be strong, with only a small number of subscribers canceling services. Sekur reduces marketing costs with in-house SEO marketing personnel. The Company will no longer be using 3rd party SEO entities. The financial matrix in Q2 successfully showed that Sekur’s SaaS (Software a as Service) business model is working well with strong upward momentum. Alain informs viewers that profitability is likely based on current subscription rates and expected sales growth to continue throughout 2023. Sekur Private Date, Ltd. expects to announce three corporate partnerships with a digital media company, an e-commerce entity, and a B2B cyber platform that competes with Shopify. The 2023 profitability expectation does not account for the expected subscription percentage increase that might come from these partnerships. If only a 1/3 of the expectations subscribe from these partners, operational profitability will come sooner than expected in 2023. Alain expects to grow its small business subscription base in 2023 with cost-efficient security products. With the persistent and increased hacking of personal data and privacy breaches on individuals and businesses, Sekur is getting new subscribers for its email, text, and other encrypted platforms. Viewers can learn more about the Company’s email, text, and additional encrypted security platforms through video tutorials posted on the Company’s website. Remember: Sekur operates its internet platforms and security businesses under the country of Switzerland’s very tough privacy laws. The on-screen QR code is available during the show; download or visit Sekur Private Data, Ltd. – https://www.sekurprivatedata.com/ and http://www.Sekur.com.

Tonight from the Nasdaq Marketplace studio, Alexandra Poirier, Communications Manager of Phixey, Inc. talks with New to the Street’s TV Host Jane King about Phixey, Inc., an electronics club that repairs devices and offers other membership perks. The main membership benefit is a device fixed for “FREE.” Like AAA for automobile members, Phixey offers its members benefits and electronic service repair options on devices. In business for 15 years, Phixey is a disrupter in the electronic device repair service industry, offering a membership fee as low as $19.95 per year, $1.66 a month. The electronic service repair business is a billion-dollar-a-year industry, and Phixey is the only entity in the world that offers this type of electronic club membership. Cell phone breakage happens often; the glass screen is fragile. Phixey members get those screens repaired “FREE.” The current average cost of cell phone repairs ranges from $150-$800. The only price to a Phixey member is the yearly- fee. The club’s services are not part of an insurance policy plan and have no deductibles. Cell phones, laptops, computers, electronic wearables, and tablets can have a membership, and each device has its owner membership to take advantage of the club’s benefits. Another upcoming benefit is the Phixey Wireless cell phone plan, unlimited talk and text for $10.00, hosted on T-Mobile. Also, members get a discount on accessories with free shipping or a 25% off at affiliate retailers. Viewers who want to become members can join by going to the website: https://phixey.com/Membership. Once a member and your device become broken, you log back into the website and request service, and Phixey provides a technician in your area. With over 2M members expected to be part of the Phixey Club, it expects to be a household brand name with everyone. The Company is not public, but it can accept direct investments. To learn more, send an email to [email protected] with the title in email “Investment Opportunity.” The on-screen QR code is available during the show; download or visit Phixey, Inc. – https://phixey.com.

About


PetVivo Holdings, Inc.


(NASDAQ: PETV) (NASDAQ: PETVW) ($PETV):


PetVivo Holdings Inc.
 (NASDAQ: PETV) (NASDAQ: PETVW) ($PETV) is an emerging biomedical device company focused on manufacturing, commercializing, and licensing innovative medical devices and therapeutics for companion animals. The Company’s strategy is to leverage human therapies for treating companion animals cost-effectively and time-efficiently. A vital component of this strategy is the accelerated timeline to revenues for veterinary medical devices, which enter the market much earlier than more stringently regulated pharmaceuticals and biologics. PetVivo has a pipeline of seventeen products for the treatment of animals and people. A portfolio of nineteen patents protects the Company’s biomaterials, products, production processes, and methods of use. The Company’s lead product SPRYNG™ with OsteoCushion™ technology, a veterinarian-administered, intraarticular injection for the management of lameness and other joint-related afflictions, including osteoarthritis, in dogs and horses, is currently available for commercial sale – https://petvivo.com/.

About 


Acurx Pharmaceuticals, Inc.


(NASDAQ: ACXP) ($ACXP):


Acurx Pharmaceuticals, Inc. (
NASDAQ: ACXP) ($ACXP) is a clinical-stage biopharmaceutical Company focused on developing new antibiotics for difficult-to-treat infections. The Company’s approach is to develop antibiotic candidates that target the DNA polymerase IIIC enzyme. Its R&D pipeline includes antibiotic product candidates that target Gram-positive bacteria, including Clostridioides difficile, methicillin-resistant Staphylococcus aureus (MRSA), vancomycin-resistant Enterococcus (VRE), and drug-resistant Streptococcus pneumoniae (DRSP). The Company’s Ibezapolstat is a novel, orally administered antibiotic developed as a Gram-Positive Selective Spectrum (GPSS™) antibacterial.  It is the first of a new class of DNA polymerase IIIC inhibitors under development by Acurx to treat bacterial infections.  Ibezapolstat’s unique spectrum of activity, which includes C. difficile but spares other Firmicutes and the important Actinobacteria phyla, appears to contribute to maintaining a healthy gut microbiome. The Company completed Phase 1 and Phase 2a clinical trials of ibezapolstat. To learn more about Acurx Pharmaceuticals and its product pipeline, please visit www.acurxpharma.com.

About


Phixey, Inc.:


Phixey, Inc.
, an electronic repair business for over 15 years, helps customers with their cell phone, tablet, and laptop service needs. The Company has agreements with DrPhoneFix, Techy, Experimax, and InMotion, totaling about 300 stores worldwide. Customers have no limits to where they can go to get their electronic devices repaired.  Device owners can have peace of mind that their devices stay protected without high repair costs, monthly premiums, and high deductibles. Phixey is simply a club for cell phone, tablet, laptop, computer, and wearable owners that gives you tremendous benefits. With Phixey, Inc., the days of high repair costs, monthly premiums, and ridiculous deductibles are out – https://phixey.com/.

About FMW Media: 

FMW Media operates one of the longest-running US and International sponsored and Syndicated Nielsen Rated programming TV brands, “New to The Street,” and its blockchain show, “Exploring The Block.” Since 2009, these brands have run biographical interview segment shows across major U.S. Television networks. The paid-for-TV programming platforms can potentially reach over 540 million homes in the US and international markets. FMW’s New to The Street / Newsmax TV broadcasting platform airs its syndication on Sundays at 10 -11 AM ET. FMW is also one of the nation’s largest buyers of linear television, long and short-form paid programming – https://www.newsmaxtv.com/Shows/New-to-the-Street & https://www.newtothestreet.com/.

Forward-Looking Statements Disclaimer:

This press release contains forward-looking statements within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the negative of these terms or other comparable terminology. However, not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at which such performance or results are achieved. This press release should be considered in all filings of the Companies contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

CONTACT:

FMW Media Contacts:

Bryan Johnson
+1 (631) 766-7462
[email protected]

“New to The Street” Business Development Office
1-516-696-5900
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1299b139-ab8e-47f4-9d82-5eccc5f109a4



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Nam Tai Property Pleased by Intermediate Court’s Dismissal of Appeal Filed by Former Executive Zhang Yu

Nam Tai Property Pleased by Intermediate Court’s Dismissal of Appeal Filed by Former Executive Zhang Yu

Intermediate Court’s Decision Affirms the Qianhai Court’s Jurisdiction to Order Freezing the Bank Accounts and Assets of Mr. Wang and Ms. Zhang, Who Are Long-Standing Affiliates of Kaisa

SHENZHEN, China–(BUSINESS WIRE)–
Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”) today announced that the Shenzhen Intermediate People’s Court (the “Intermediate Court”) has upheld the jurisdiction of the Shenzhen Qianhai Cooperation Zone People’s Court (the “Qianhai Court”) to grant the Company’s subsidiary’s request to freeze the personal bank accounts and assets of Wang Jiabiao and Zhang Yu, who were terminated by the Company’s reconstituted Board of Directors (the “Board”) in the fourth quarter of 2021.

The Intermediate Court’s dismissal follows a Qianhai Court order that prohibits Mr. Wang and Ms. Zhang from using the corporate chops and business licenses of Nam Tai Investment (Shenzhen) Co., Ltd. (“Nam Tai Investment”), a wholly-owned indirect subsidiary of the Company, during ongoing litigation. Mr. Wang and Ms. Zhang, who are long-standing affiliates of Kaisa Group Holdings Limited (collectively with its affiliates, “Kaisa”) and have spent the last several months purporting to represent Nam Tai Investment, are restricted from dissipating assets of Nam Tai Investment and entering into new corporate arrangements on behalf of Nam Tai Investment.

Michael Cricenti, Nam Tai’s Chairman, commented:

“We appreciate the Intermediate Court’s dismissal of the appeal filed by Ms. Zhang, which affects both Mr. Wang and Ms. Zhang, who seem intent on advancing Kaisa’s objectives at the expense of shareholders’ best interests and local stability. It demonstrates that we are making continued progress and sustaining momentum with our legal strategy. Our focus will remain on aggressively pursuing claims against Mr. Wang, Ms. Zhang and Kaisa, while also engaging in good faith discussions with policymakers to demonstrate our commitment to making long-term investments across mainland China. Our Board continues to advance its plans to obtain on-shore control and achieve sustained value for stakeholders.”

Forward-Looking Statements

Certain statements included in this announcement, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “might”, “can”, “could”, “will”, “would”, “anticipate”, “believe”, “continue”, “estimate”, “expect”, “forecast”, “intend”, “plan”, “seek”, or “timetable”. These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business and the industry in which we operate. Such forward-looking statements include, among other things, statements regarding the anticipated effects of the order, the Company’s plans and expectations with respect to litigation and regulatory actions in the process to gain on-shore control, its ability to gain on-shore control, and its ability to achieve sustained value for stakeholders. These statements are only predictions based on our current expectations about future events. There are several factors, many beyond our control, which could cause results to differ materially from our expectations, including, among other things, the future actions of Mr. Wang and Ms. Zhang, the Company’s success with respect to its litigation and regulatory actions, other impediments to gaining on-shore control, timing of gaining on-shore control and general market conditions in the real estate sector. Any of these factors could, by itself, or together with one or more other factors, adversely affect our business, results of operations or financial condition. There may also be other factors currently unknown to us, or which have not been described by us, that could cause our results to differ from our expectations. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements apply only as of the date of this announcement; as such, they should not be unduly relied upon as circumstances change. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstance occurring after the date of this announcement or those that might reflect the occurrence of unanticipated events.

About Nam Tai Property

Nam Tai Property Inc. is an owner-operator of commercial real estate projects across China. The Company currently maintains two industrial complex projects, with one in Guangming, Shenzhen and one in Bao’an, Shenzhen. Learn more about the Company’s portfolio and strategic priorities by emailing our investor relations team or visiting Weibo: https://weibo.com/u/7755634761.

For Shareholders:

Longacre Square Partners

Greg Marose / Ashley Areopagita, 646-386-0091

[email protected]

KEYWORDS: China United States North America Asia Pacific New York

INDUSTRY KEYWORDS: REIT Professional Services Commercial Building & Real Estate Legal Construction & Property

MEDIA:

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ASA Gold and Precious Metals Limited Announces Appointment of Director Alexander G. Merk and Distribution Declaration

ASA Gold and Precious Metals Limited Announces Appointment of Director Alexander G. Merk and Distribution Declaration

PORTLAND, Maine–(BUSINESS WIRE)–
ASA Gold and Precious Metals Limited (the “Company”) (NYSE: ASA) announced that Mr. Alexander (Axel) G. Merk has been appointed by the Board, on the recommendation of the Company’s Nominating, Audit and Ethics Committee, to serve as a Director until the 2023 Annual General Meeting of Shareholders.

Mr. Merk, age 53, is the founder, President, and Chief Investment Officer of Merk Investments LLC (“Merk Investments”), which serves as the investment adviser to the Company under the terms of an Investment Advisory Agreement. Mr. Merk founded Merk Investments’ predecessor company in 1994 and has extensive investment and asset management experience. Mr. Merk holds a BA in economics and a Master of Science in computer science from Brown University.

In addition, the Company declared a distribution of $0.01 per common share of the Company. The distribution is payable on November 23, 2022 to shareholders of record as of the close of business on November 14, 2022. Due to a continued low level of dividends received from portfolio holdings, this distribution will be paid from undistributed realized gains. The Company has paid uninterrupted distributions since 1959.

The Company is a non-diversified, closed-end fund that seeks long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects in, or mining of precious metals and minerals.

It is a fundamental policy of the Company that at least 80% of its total assets must be (i) invested in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals, (ii) held as bullion or other direct forms of gold, silver, platinum or other precious minerals, (iii) invested in instruments representing interests in gold, silver, platinum or other precious minerals such as certificates of deposit therefor, and/or (iv) invested in securities of investment companies, including exchange traded funds, or other securities that seek to replicate the price movement of gold, silver or platinum bullion.

The Company employs bottom-up fundamental analysis and relies on detailed primary research including meetings with company executives, site visits to key operating assets, and proprietary financial analysis in making its investment decisions.

Investors are encouraged to visit the Company’s website for additional information, including historical and current share prices, news releases, financial statements, tax and supplemental information. The site may be found at www.asaltd.com, or you may contact the Company directly at (800) 432-3378.

Investment advisory services for the Company are provided by Merk Investments LLC (Merk), an SEC registered investment adviser. Merk provides investment advice on liquid global markets, including domestic and international equities, fixed income, commodities and currencies and their respective derivative markets.

Certain Tax Information

The Company is a “passive foreign investment company” for United States federal income tax purposes. As a result, United States shareholders holding shares in taxable accounts are encouraged to consult their tax advisors regarding the tax consequences of their investment in the Company’s common shares.

Axel Merk

Chief Operating Officer

(650) 376-3135 or (800) 432-3378

[email protected]

KEYWORDS: United States North America Maine

INDUSTRY KEYWORDS: Professional Services Finance

MEDIA:

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Vinci Partners’ Infrastructure Segment Has Been Selected to Manage the Sustainable Regional Development Fund, With AUM Starting at R$750 Million

RIO DE JANEIRO, Brazil, Sept. 26, 2022 (GLOBE NEWSWIRE) — Vinci Partners Investments Ltd. (NASDAQ: VINP) (“Vinci Partners”, “the Company”, “we”, “us” or “our”), the controlling company of a leading alternative investment platform in Brazil, announced today that the Ministry of Regional Development (the “Ministry”) has selected Vinci Partners’ Infrastructure segment to manage its Sustainable Regional Development fund (the “Fund”, “FDIRS”).

The federal government hired BRL TRUST Investimentos jointly with Vinci Partners to manage the Fund’s capital through different strategies, such as the structuring of partnerships between public and private players to develop sustainable infrastructure projects in Brazil. To support these projects, our team can establish guarantee instruments that should have commitments from FDIRS and other private players. Lastly, the Fund could also invest in other infrastructure funds focused on sustainable development.

The commitment will start at approximately R$750 million and we expect that should be activated in Vinci Partners’ AUM towards the end of the fourth quarter of 2022. The mandate has a significant potential to grow over the years, considering its pre-determined hard cap to invest up to R$11 billion, as the team originates investment opportunities combined with additional capital commitments from the Ministry.

José Guilherme Souza, partner, and Head of Infrastructure for Vinci Partners, said, “Our team is very pleased and proud to be the partner of choice selected to manage such an important strategy to Brazil’s sustainable infrastructure landscape. With FDIRS, we widen the investment approach of our Infrastructure segment through a mandate with great growth potential, for both AUM and revenues in the medium to long term. We are very optimistic with the road ahead of us as we consolidate ourselves as a reference for infrastructure investments in Brazil.”

About Vinci Partners Infrastructure

Our infrastructure core plus strategy seeks to have exposure to real assets related to economic infrastructure, through investments in equity and debt instruments across several sectors, including but not limited to power generation and transmission, transportation and logistics, and water & sewage. The infrastructure team aims control or control-oriented positions in brownfield and greenfield opportunities and employs active hands-on management of assets and operations.

About Vinci Partners

Vinci Partners is a leading alternative investment platform in Brazil, established in 2009. Vinci Partners’ business segments include private equity, public equities, real estate, credit, infrastructure, hedge funds, and investment products and solutions, each managed by dedicated investment teams with an independent investment committee and decision-making process. We also have a financial advisory business, focusing mostly on pre-initial public offering, or pre-IPO, and merger and acquisition, or M&A, advisory services for Brazilian middle-market companies.

Forward-Looking Statements

This press release contains forward-looking statements that can be identified by the use of words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “estimate” and “potential,” among others. By their nature, forward-looking statements are necessarily subject to a high degree of uncertainty and involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside of our control. Such factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements and there can be no assurance that such forward-looking statements will prove to be correct. The forward-looking statements included herein speak only as at the date of this press release and we do not undertake any obligation to update these forward-looking statements. Past performance does not guarantee or predict future performance. Moreover, neither we nor our affiliates, officers, employees and agents undertake any obligation to review, update or confirm expectations or estimates or to release any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release. Further information on these and other factors that could affect our financial results is included in filings we have made and will make with the U.S. Securities and Exchange Commission from time to time.

USA Media Contact

Nick Lamplough / Kate Thompson / Katie Villany

Joele Frank, Wilkinson Brimmer Katcher

+1 (212) 355-4449

Brazil Media Contact

Danthi Comunicações

Carla Azevedo ([email protected])

+55 (21) 3114-0779

Investor Contact

[email protected]

NY: +1 (646) 559-8040

RJ: +55 (21) 2159-6240



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Waitr Holdings Announces Dismissal of 2019 Class Action

Waitr Holdings Announces Dismissal of 2019 Class Action

LAFAYETTE, La.–(BUSINESS WIRE)–
Waitr Holdings Inc. (Nasdaq: WTRH) today announced that on August 10, 2022, the shareholder class action lawsuit against the Company and certain of its former officers and directors, filed in the United States District Court for the Western District of Louisiana (Case No. 19-cv-01260-TAD-KK) in September 2019, was dismissed. The Court ruled in favor of the Company and its former officers and directors on all claims and dismissed the case with prejudice. The deadline for appeal has passed with no action from plaintiffs.

“After nearly three years, we are pleased that this judgment closes the door on the baseless attacks against the Company and its former leadership,” said Carl Grimstad, Chief Executive Officer of the Company and its wholly-owned subsidiary, ASAP Inc. “We remain focused on utilizing our original delivery ethos to execute our new brand identity and implement our ‘anything, anywhere ASAP’ vision across a wider range of products and services.”

About ASAP

ASAP.com, the on-demand delivery brand for Waitr Holdings Inc., is an online ordering technology platform using the “deliver anything ASAP” model making it easy to order food, alcohol, convenience, grocery, flowers, auto parts and more at your fingertips and get them delivered ASAP. Its proprietary in-stadium mobile ordering technology now provides an enhanced fan experience at sports and entertainment venues, allowing fans to place orders from their favorite in-stadium concessions, directly from their seats. Additionally, the ASAP.com platform facilitates access to third parties that provide payment processing solutions for restaurants and other merchants. It provides a convenient way to discover, order and receive a wide variety of on-demand products – ASAP. As of June 30, 2022, we operate in approximately 1,000 cities throughout the United States.

Investors

[email protected]

KEYWORDS: Louisiana United States North America

INDUSTRY KEYWORDS: Software Mobile/Wireless Networks Professional Services Online Retail Supermarket Department Stores Data Management Technology Convenience Store Food/Beverage Data Analytics Retail

MEDIA:

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Historic Wave Energy Legislation Initiative Takes a Significant Step Forward in New Jersey

PR Newswire

On September 22nd, 2022, the New Jersey State Assembly’s Special Committee on Infrastructure and Natural Resources Unanimously Agreed to Advance the Wave Energy Bill Initiative by Assemblyman Robert Karabinchak, Sponsored by Senator Andrew Zwicker, Bill is Expected to be Introduced in the New Jersey State Senate by the September 29th, 2022


TRENTON, N.J.
, Sept. 26, 2022 /PRNewswire/ — Eco Wave Power Global AB (publ) (Nasdaq: WAVE) (“Eco Wave Power” or the “Company”) applauds the progress of New Jersey State Assemblyman Robert Karabinchak’s Wave Energy Legislation Bill Initiative (A4483), which encourages the state of New Jersey to explore a deployment plan for wave energy technologies in the State of New Jersey, including the creation of financial incentives and the promotion of public-private partnerships.

On Thursday September 22, 2022, the New Jersey State Assembly’s Special Committee on Infrastructure and Natural Resources (the “Assembly Committee”) unanimously agreed to advance the bill. In the next step, State Senator Andrew Zwicker will introduce the bill in the New Jersey State Senate.

Senator Andrew Zwicker (https://www.njleg.state.nj.us/legislative-roster/436/senator-zwicker) is a physicist and Democratic politician, currently serving the 16th Legislative District.

He is the head of the Science Education Department of the Princeton University Plasma Physics Laboratory, and he is the State Senate sponsor of the bill, which will be introduced to the Senate by September 29th, 2022.

The bill is expected to go to the Senate Environment and Energy Committee.

“Wind and solar is not going to be the savior, period. There has to be other energy sources that will fill some of these gaps,” said Karabinchak (D-Middlesex). “If it’s nighttime, that solar farm isn’t doing a thing. If the wind slows down on these farms, there has to be something else, some other energy source, that will fill that gap.”

Assemblyman Don Guardian (R-Atlantic), a committee member, who served as mayor until 2018 in Atlantic City, where Karabinchak hopes to pilot a wave energy project on the Steel Pier echoed Karabinchak’s defense of the bill:

“It’s a clean source of energy that I think provides the least negative impact on our environment, and it’s free energy, once you have the capital costs,” Guardian said. “I think it would be foolish for New Jersey not to be leading the nation and the world in at least studying if this is practical.”

Karabinchak introduced his bill last week, six months after he convened a legislative public hearing on wave energy.

The bill also has an ardent supporter — the New Jersey League of Conservation Voters.

“We think New Jersey could be a pioneer in exploring and evaluating wave energy,” said Rebecca Hilbert, the league’s senior policy manager. “We do support this bill strongly.”

Gov. Phil Murphy included $500,000 in the current state budget to pilot a wave energy project in New Jersey, Karabinchak said, and added that Eco Wave Power is drafting a letter of intent to build the Steel Pier project.

The proposed bill states as follows:

“[I]t is both reasonable and necessary, and in the public interest, for the State to enact legislation requiring: (1) a comprehensive study of the potential associated with the adoption and use of wave and tidal energy in New Jersey; (2) the amendment of the State’s Energy Master Plan to incorporate the use of wave and tidal energy as an integral component of the State’s clean energy planning and goals; and (3) the taking of additional steps, as may be necessary to position New Jersey as a leader in these emerging clean ocean energy sectors”

In response to the passing of the bill in the Assembly Committee, Eco Wave Power’s Founder and CEO Inna Braverman commented that in her view, “an early adoption of wave energy in the State of New Jersey will position New Jersey as a leader in the marine energy sector and open the door for similar legislation initiatives in additional coastal states in the United States. Once again, New Jersey can be an energy pioneer by taking advantage of its coastline to deliver clean, cost-efficient, reliable, and environmentally friendly power to its electrical grid.”

Inna added that, “in January 2022, during Eco Wave Power’s Nasdaq Capital Market bell ringing ceremony, New Jersey State Assemblyman Robert Karabinchak announced his intent to introduce new legislation to include wave energy in New Jersey’s Energy Master Plan and help New Jersey become the first U.S. state or territory to have a commercial wave energy proof of concept. Now, with this recent and exciting legislative development, Assemblyman Karabinchak has proven that he is truly committed to an all-inclusive climate plan, combining all renewable energy sources – including the power of the waves. In my opinion, the passing of this bill, would be a historical moment for the State of New Jersey.”

In an official press release by the Assembly Democrats (available in the following link; Karabinchak Measure to Study Wave and Tidal Energy Potential Clears Assembly Panel – New Jersey Assembly Democrats (assemblydems.com)) Assemblyman Karabinchak said that, “With almost 140 miles of coastline, NJ is in a unique position to be the leader in this growing field. This legislation seeks to set goals pertaining to wave and tidal energy in the State’s Energy Master Plan which bring the State one step closer toward achieving net-zero emissions and 100% renewable energy by 2050.”

“We cannot simply rely on one or two approaches for clean energy.  With new technologies and advancements, we are able to produce much more efficient power systems that are environmentally friendly,” continued Karabinchak. “By introducing this bill, we will open the door for more legislation to follow suit and expand our renewable, clean energy capabilities.”

It is estimated that 750MW of energy can be produced from New Jersey’s shores alone and the U.S. Energy Information Administration estimates that the energy potential from waves is equivalent to 66% of all electricity currently generated in the United States.

About Eco Wave Power Global AB (publ)

Eco Wave Power is a leading onshore wave energy technology company that developed a patented, smart and cost-efficient technology for turning ocean and sea waves into green electricity. Eco Wave Power’s mission is to assist in the fight against climate change by enabling commercial power production from the ocean and sea waves.

The Company is currently finalizing the construction of its grid connected project in Israel, with co-investment from the Israeli Energy Ministry, which recognized the Eco Wave Power technology as “Pioneering Technology” and will soon commence the installation of its newest pilot in AltaSea’s premises in the Port of Los Angeles. The Company also holds concession agreements for commercial installations in Europe and has a total projects pipeline of 327.7MW.

Eco Wave Power received funding from the European Union Regional Development Fund, Innovate UK and the European Commission’s Horizon 2020 framework program. The Company has also received the “Global Climate Action Award” from the United Nations.

Eco Wave Power’s American Depositary Shares (WAVE) are traded on the Nasdaq Capital Market. More info: www.ecowavepower.com.

Information on, or accessible through, the websites mentioned above does not form part of this press release.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Eco Wave is using forward-looking statements when it discusses the New Jersey State Assembly’s Wave Energy Legislation Bill Initiative, the significance and potential advantages of this legislation, that the legislation is expected to be introduced to the New Jersey State Senate by September 29, 2022 and is expected to go to the Senate Environment and Energy Committee and that introducing this legislation opens the door for more legislation and expanding New Jersey’s renewable, clean energy capabilities. These forward-looking statements and their implications are based on the current expectations of the management of Eco Wave and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as otherwise required by law, Eco Wave undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting Eco Wave is contained under the heading “Risk Factors” in Eco Wave Power’s Annual Report on Form 20-F for the fiscal year ended December 31, 2021 filed with the SEC, which is available on the on the SEC’s website, www.sec.gov.

For more information, please contact:

Inna Braverman, CEO
[email protected]
+97235094017

For additional investor/media inquiries, please contact:

Investor Contact:

Matt Chesler, CFA
FNK IR
+1.646.809.2183
[email protected]

Media Inquiries:

Jacob Scott, Vectis Strategies
+1.412.445.7719
[email protected]

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Assemblyman Robert Karabinchak

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SOURCE EWPG Holding AB (publ)